MicroStrategy's unrealized profit increased to $3.5 billion

MicroStrategy's unrealized profit increased to $3.5 billion

user avatar

by Max Nevskyi

3 years ago

In January, the company MicroStrategy increased its portfolio of bitcoins by acquiring an additional 850 BTC, bringing the total number of bitcoins held on its balance sheet to 190,000 units. The average acquisition cost of these cryptocurrencies was $31,224 per BTC. Thanks to the rise in the price of Bitcoin above $50,000, the company's unrealized profit reached $3.56 billion.

As of February 5, 2024, the total value of bitcoins on MicroStrategy's balance sheet is estimated at $5.93 billion. If the company were to liquidate its Bitcoin portfolio at the current market price, its unrealized profit would be $3.56 billion. This represents a significant increase compared to December 2023 when the profit was $1.98 billion amidst Bitcoin's price above $41,000.

This growth in unrealized profit underscores MicroStrategy's strategic approach to investing in Bitcoin and demonstrates a significant increase in the value of their investments amidst the fluctuations in the cryptocurrency market.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.